Ritika
Gas Price Hike: Inflation is going to hang-out you extra since October 1. Because from CNG to PNG can be dearer from October 1. Not solely this, however electrical energy to fertilizer may also be costly. In truth, on September 30, 2022, the authorities is going to assessment the prices of home gasoline. And it is believed that after the huge increase in gasoline prices in the worldwide market, the authorities could make a massive increase in home pure gasoline prices from October 1, 2022.
On April 1, 2022, the value of pure gasoline was elevated to $ 6.10 per mmBtu. But from October 1, 2022, it could be elevated to $ 9 per mmBtu. That is, an increase of up to 50 p.c in direct prices is potential. There was a double value hike in April. Apart from this, the authorities could increase the value of pure gasoline extracted from deep fields from $ 9.92 per mmBtu to $ 12 per mmBtu.
After the increase in the value of gasoline, the value of cooking in the kitchen to electrical energy and transport is going to increase. Due to the Russo-Ukraine warfare, there was an increase in the prices of pure gasoline in the worldwide markets. Let us inform you that the authorities critiques the prices of home pure gasoline each six months.
Let us inform you that if the value of pure gasoline will increase by one greenback, then the value of CNG will increase by Rs 4.5 per kg. In such a scenario, there could be a want to increase the value of CNG by Rs 12 to 13 per kg. So the value of PNG provided from electrical energy to houses will additionally increase. The burden of expenditure on the fertilizer subsidy invoice on the authorities will additionally increase.
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